Institutional placement allotment and cleansing statement

Dexus Funds Management Limited ("DXFM") as responsible entity of Dexus ("Dexus") refers to its announcements made to the Australian Securities Exchange ("ASX") on 21 and 22 June 2017 relating to:
- A fully underwritten $500 million institutional placement ("Placement"); and
- A non-underwritten Security Purchase Plan ("SPP") to eligible Dexus security holders in Australia and New Zealand to raise up to $50 million

Appendix 3B

Successful completion of $500 million institutional placement

Dexus Funds Management Limited (“DXFM”) as responsible entity of Dexus (“Dexus” or the “Group”) confirms today the successful completion of the institutional placement (“Placement”) announced yesterday to fund the acquisitions mentioned in that announcement.

Dexus announces acquisition and equity raising

Dexus Funds Management Limited (“DXFM”) as responsible entity of Dexus (“Dexus” or the “Group”) today announced that it has entered into agreements to acquire two Sydney office buildings. It is also in exclusive due diligence to acquire a core industrial property in Melbourne (together with the acquisition of the two Sydney office buildings, the “Acquisitions”). The total consideration under the acquisition agreements together with the offer for the industrial property is $739.3 million.

Market evidence drives increases in valuations

Dexus today announced its six monthly valuation results in which 62 of its 102 properties, comprising 25 office properties and 37 industrial properties have been externally valued as at 30 June 2017, reflecting 59% of the total Dexus property portfolio by value. Combined with internal valuations across the remainder of the portfolio, this has resulted in an estimated $240 million or 2.1% increase on prior book values for the six months to 30 June 2017.

Sale of remaining FY17 trading property

Dexus today announced that it has conditionally exchanged contracts to sell 105 Phillip Street, Parramatta.
The property has been sold for $229 million to a Charter Hall joint venture at an implied cap rate of 5.3%. A portion of the proceeds will be received in May 2017 contributing to FY17 trading profits. The remaining proceeds will be received on practical completion of the development in mid-2018, contributing to FY18 trading profits.

March 2017 quarterly portfolio update

Dexus today announced its property portfolio operational update for the quarter ended 31 March 2017. Highlights include leasing 42,295 square metres of office space across 65 transactions, with office portfolio occupancy increasing to 96.7% and leasing a significant amount of industrial space in the quarter securing 148,792 square metres of industrial space across 28 transactions, with industrial portfolio occupancy increasing to 95.7%. In addition we progressed the development of 105 Phillip Street, Parramatta and secured six industrial customers across 72,000 square metres activating six new industrial developments.

Dexus Industrial Tour

31 December 2016 distribution and HY17 Review

Dexus advises that the distribution for the six months ended 31 December 2016 will be paid to Security holders today. Dexus provides a copy of the letter to be sent to Security holders and the 2017 Half Year Review.